Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures were down on Friday. Global shares hit a two-month low while the U.S. government bond yields remain near 16-year highs. However, Jason Da Silva, a director of global investment strategy at Arbuthnot Lathan, said this pullback is healthy after the strong gains earlier in the year.

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Here’s a look at the top-moving stocks this morning.

Applied Materials Inc. (Nasdaq: AMAT)

Applied Materials is up 3.16% premarket as semiconductor stocks continue their tug-of-war between AI demand pulling them higher and China’s woes pulling them down. Applied materials reported earnings that were better than expected, posting $1.90 per share which was greater than the $1.74 per share expected by analysts at Refinitiv.

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Farfetch Limited (NYSE: FTCH)

Farfetch is down 39.07% premarket after the luxury fashion retailer posted second-quarter revenue that missed estimates. Revenue came in at $572 million, lower than the consensus estimate of $649 million from Refinitiv. It also posted an overall loss of $281 million.

Ross Stores, Inc. (Nasdaq: ROST)

Ross Stores is up 4.85% premarket after topping earnings forecasts for the second quarter. The discount store company reported earnings of $1.32 per share, better than the $1.16 consensus estimate, per Refinitiv. It also posted revenue of $4.93 billion, above the expected $4.75 billion.

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Keysight Technologies (NYSE: KEYS)

Keysight Technologies is down 10.80% premarket after the electronic design company offered lower guidance for the fourth quarter. It expects adjusted earnings of $1.83 to $1.89 per share on revenue of $1.29 billion to $1.31 billion.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team